Tag Archives | home loan modification

If you are at risk of foreclosure, you may be thinking about talking to your mortgage lender about a home loan modification. It sounds ideal. Your mortgage payments go down, and you get to keep your home. But the reality is much more complicated. Why a Home Loan Modification May NOT Be the Best Solution […]

After Denying Home Loan Modification, Ocwen Forgives All Debt; $2000 HOA Lien Settled Divorce and Denied Loan Modification Lead to Home Mortgage Default Lisa and her husband planned to live in their Kent, WA condo for many years. But when they made the tough decision to divorce, life got complicated. Lisa moved out, and their […]

Job Loss, Reduction in Income and Serious Illness Allow Couple to Eliminate Debt Job Loss, Reduction in Income and Serious Illness Lead to Home Mortgage Default David and Melinda had planned to live in their Marysville, WA home forever. However, in 2008 during the middle of the economic crisis, David and Melinda got bad news. […]

You’re behind on your home mortgage and have decided to pursue a home loan modification. It sounds ideal – your mortgage payments go down and you get to stay in your house. The hard facts paint a different story. Only 7% of homeowners who are behind on their mortgage qualify for a home loan modification. […]